Wartsila (OTCMKTS:WRTBY) Shares Gap Down – Should You Sell?

Wartsila (OTCMKTS:WRTBY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $7.00, but opened at $6.68. Wartsila shares last traded at $6.7044, with a volume of 2,782 shares traded.

Analyst Ratings Changes

Several research firms recently commented on WRTBY. The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Oddo Bhf started coverage on shares of Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Citigroup restated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Finally, UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Wartsila Trading Down 0.9%

The firm’s 50 day moving average price is $7.09 and its 200-day moving average price is $7.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.23 and a quick ratio of 0.89. The stock has a market cap of $19.79 billion, a P/E ratio of 25.73 and a beta of 1.26.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.32%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.73 billion. As a group, equities research analysts forecast that Wartsila will post 0.25 earnings per share for the current year.

About Wartsila

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.